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TCANNO SparkPoints: (360,125)
Fitness Minutes: (209,885)
Posts: 71,240
3/18/13 5:20 A

I am not now but up to when I retired I was.

I am not sure what you are asking

I_HEART_MY_FAM Posts: 1,809
3/17/13 10:46 P

I am self employed .I help turn a boy into a man, that would be my husband he was only 24 when I met him. I am a mother to two girls, one is married and the other is 17. I am a homemaker. I do not get paid with money, but I have money, my husband makes enough for all of us. I get paid in ways that money cannot buy. I have all the time in the world now for my grandson and I am only 45 years old. I dont have to wait for a day off to see him and that right there is priceless. I am very rich by the time I have to be with family. I love my job. :)

ANARIE Posts: 13,200
3/17/13 10:19 P

Oh, and don't forget to get tax advice before you do ANYTHING! It's probably different for a store because you can write off the inventory, but those of us who are self-employed in a service/knowledge business have to remember to set aside 23% for "self-employment tax." (They really ought to call it something different because it's really your Social Security-- the self-employed have to pay their individual AND employer contribution. It's really "retirement and disability self-insurance," rather than a tax, but regardless, you need to have money to pay it!)

ANARIE Posts: 13,200
3/17/13 10:13 P

Have you tried doing it as an internet-based business for a while first? The physical space and the advertising would be a huge investment, so starting out with a virtual shop might spare you most of that. Even people who have successful "brick-and-mortar" shops will often get half of their income from internet sales. For a resale store, you'll probably find that the internet is also a good source for inventory, because otherwise you tend to use up your sources. Just a thought...

3/17/13 6:01 P

This topic may be on the wrong board as it is not diet/exercise related. Just curious if any Sparkers have their own business.

I am toying with the idea of running a children's resale shop, but shiver when I think of the cost to open one.

Do you own a business or work for yourself? Share your experience.

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